Mindtree, IndiaMart: L&T Finance, Alok Industries, Mindtree, IndiaMart, Trident, Rallis India, IRB Infra, Indiabulls Real Estate, Snowman Logistics are some of the companies which will disclose their December quarter earnings during the day.
Metropolis Healthcare: Diagnostic chain Metropolis Healthcare said it will acquire Dr Ganesan’s Hitech Diagnostic Centre Pvt Ltd in a cash and stock combination deal, to strengthen its leadership position in southern India.
DHFL: Debt-ridden mortgage lender DHFL said the Committee of Creditors (CoC) has approved a resolution plan submitted by Piramal Capital and Housing Finance Limited, a Piramal Group company.
GE T&D India: The company said it has agreed to sell its Global Engineering Operations Division (India for Global) to GE India Industrial Private Ltd for a consideration of Rs 87.3 crore.
HDFC Bank: The country’s largest private sector lender HDFC Bank reported a 14.36 per cent jump in consolidated net profit to Rs 8,760 crore for the December quarter, driven by a surge in core income.
InterGlobe Aviation, SpiceJet: Jet fuel or ATF price on Saturday was hiked by 3 per cent – the fourth increase in two months on firming international oil prices, while petrol and diesel rates remained unchanged after hitting new highs.
IRB InvIT: India’s first listed infrastructure investment trust said its revenue for the December quarter this fiscal remained almost flat at Rs 333 crore. It had clocked a revenue of Rs 330 crore in the corresponding quarter last fiscal, it said in a statement.
Adani group stocks: Adani Group on Saturday rebutted allegations of not paying bank loans saying it maintains an impeccable record of not a single NPA in three decades of its existence. In a statement on Twitter, the ports-to-energy conglomerate said it has built stellar infrastructure assets in the nation adopting prudent corporate governance and capital management processes that have consistently enhanced credit quality.
Dr Reddy’s Laboratories: The drug maker said it has received approval from the Drugs Control General of India (DCGI) to conduct phase 3 clinical trial for the Sputnik V vaccine for COVID-19.
L&T Finance Holdings: The NBFC reported a 51 per cent decline in consolidated net profit at Rs 287.75 crore during the third quarter ended December 31, 2020. The company’s net profit stood at Rs 591.47 crore during the same period in the previous fiscal.
Shoppers Stop: The company reported widening of its consolidated net loss to Rs 25.11 crore for the third quarter ended December 31, 2020. The company had posted a net loss of Rs 6.51 crore in the October-December quarter a year ago.
PVR: Multiplex player PVR Cinemas on Friday reported a consolidated net loss of Rs 49 crore for the October to December quarter against a profit of Rs 36 crore in the year-ago period. In the previous quarter (July to September), it had reported a loss of Rs 184 crore as the outbreak of coronavirus and lockdowns hit cinema halls and retail joints.
Power Finance Corporation: State-run Power Finance Corporation’s Rs 5,000 crore taxable non-convertible debentures issue was subscribed 94 per cent on the first day on Friday and is likely to close on Monday, a source said.
SAIL: The government is expected to garner Rs 2,664 crore from offloading 10 per stake sale in India’s largest steelmaker SAIL through an offer for sale (OFS) which was subscribed over five times on Friday.
Wipro: IT services major Wipro on Saturday said it has completed its Rs 9,500-crore share buyback programme. The buyback saw Azim Premji-affiliated entities tendering 22.89 crore shares worth about Rs 9,156 crore during the process, a regulatory filing said.
NMDC: State-owned NMDC aims to utilize 97 per cent of its production capacity to produce 35 million tonne (MT) of Iron ore this fiscal and has set an ambitious target of producing 100 MT by 2030, in a bid to ensure a continuous and smooth supply of the mineral for steel makers, according to a senior official.
